Vermont § 405 - § 9—405.
Full text of Vermont Vermont Statutes Online § 405 — § 9—405., with citation guidance and answers to common questions.
§ 405. § 9—405.
- Modification of assigned contract (a) A modification of or substitution for an assigned contract is effective against an
assignee if made in good faith. The assignee acquires corresponding rights under the
modified or substituted contract. The assignment may provide that the modification
or substitution is a breach of contract by the assignor. This subsection is subject
to subsections (b) through (d) of this section. (b) Subsection (a) of this section applies to the extent that: (1) the right to payment or a part thereof under an assigned contract has not been fully
earned by performance; or (2) the right to payment or a part thereof has been fully earned by performance and the
account debtor has not received notification of the assignment under subsection 9—406(a) of this title. (c) This section is subject to law other than this article which establishes a different
rule for an account debtor who is an individual and who incurred the obligation primarily
for personal, family, or household purposes. (d) This section does not apply to an assignment of a health care insurance receivable. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 405
What does Vermont Statutes Online § 405 cover?
Section 405 ("§ 9—405.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 405?
A common citation format is "Vermont Statutes Online § 405" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.